Pro-Pac Packaging (ASX:PPG) First Half 2023 Results
Key Financial Results
Revenue: AU$183.3m (down 25% from 1H 2022).
Net loss: AU$4.92m (down from AU$128.0k profit in 1H 2022).
AU$0.04 loss per share (down from AU$0.002 profit in 1H 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Pro-Pac Packaging Earnings Insights
Looking ahead, revenue is expected to decline by 3.6% p.a. on average during the next 3 years, while revenues in the Global Packaging industry are expected to grow by 4.7%.
The company's shares are down 7.0% from a week ago.
Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Pro-Pac Packaging (1 doesn't sit too well with us) you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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